Question
Amara is a sole proprietor who operates her business using the cash method of accounting and a calendar year. Based on on the following list,
Amara is a sole proprietor who operates her business using the cash method of accounting and a calendar year. Based on on the following list,
how much income will be reported on her Schedule C
$10,000 check received January 4 for job completed on December 20,2021
$15,000 check received December 29 2022 for job completed December 28, 2022 deposited Jan 5, 2022
$9,500 balance due for work that Amara in June 2021. Amara took her client to small claims court in December 2021, but did not receive any satisfaction.
A, $9500
B, $15000
C $ 19,500
D $25,000
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
